cannabisnews.com: 'Cannabonds' Fund Pot Legalization Effort





'Cannabonds' Fund Pot Legalization Effort
Posted by CN Staff on February 13, 2003 at 18:25:04 PT
By The Canadian Press
Source: Canadian Press 
Proponents of legalizing marijuana have come up with a unique way to fund their legal costs: Cannabonds. The Cannabonds, which go on sale Friday, entitle purchasers to one-quarter ounce of marijuana -- about seven grams -- when the federal government legalizes marijuana cultivation and trafficking, said Ted Smith, Hempology 101 Society founder.
The society is selling Cannabonds to build a legal defence fund to pay $25,000 in recent court costs and debts, he said. "For $25 people can see that the money is going into a legal defence fund that's protecting this group of sick people, and they get a certificate that could be redeemed for a quarter ounce," said Smith. "It's really a loan. It's not a sale of anything at this point," he said. The society, which operates out of a downtown Victoria bookstore, provides marijuana for medicinal purposes to its members, Smith said. The store has been the subject of police raids over the last year, and has run up legal costs defending some of its customers, he said. Society members have also loaned money to help with the legal battles, said Smith, a former Victoria mayoral candidate. "We need to issue them because the society is still in $25,000 debt from the police raids of last year," he said. "They took over $30,000 in pot mostly." The Cannabonds are also a way of helping society members who have been hit by government service cuts and the police raids, Smith said. "Our members are suffering now more than ever because they don't have money for food and pot," he said. "We need to go out now and make some outreach with the general community to help with our court cases and to help with keeping the store going for these people." Smith said he doesn't expect the federal government to fully legalize marijuana for at least another five years. Source: Canadian PressPublished: Thursday, February 13, 2003Copyright: 2003 The Canadian PressRelated Articles & Web Site:Hempology 101http://www.hempology.com/Pot Remains Burning Issuehttp://cannabisnews.com/news/thread12452.shtmlOf Cannabis and Compassion http://cannabisnews.com/news/thread10989.shtml
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Comment #4 posted by Druid on February 14, 2003 at 07:41:31 PT
heh :)
If someone here in the states say NORML, MPP, Mapinc, CannabisNews, etc did something like this I would definitely buy two!
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Comment #3 posted by p4me on February 13, 2003 at 21:06:01 PT
CIA and drugs article
There is a story out of Pennsylvania that mentions the words CIA and narcotics- http://kyw.com/siteSearch/local_story_042221441.html This link may disappear so here is the link at FreeRepublic- http://www.freerepublic.com/focus/news/842923/posts(AP) (PHILADELPHIA) A jury has sided with two narcotics agents who claimed their boss -- the Pennsylvania attorney general -- retaliated against them because they uncovered a drug-trafficking ring that diverted profits to a CIA-backed Dominican presidential candidate. There is an article at CBS Marketwatch about Greenspan talking about the sad state of the economy and the stupidity of huge tax cuts. It provides a fact of interest- the fact is that interest on the national debt was $332 billion of a 10 trillion dollar economy. The average interest rate was 5.6%. A 1% rise in interest would raise interest on the current debt by $48 billion and at some point continued borowing will have to push interest rates up. The current shortfall of $304 billion at 5.6% is adds $17 billion. It is a very ominous article especially when you consider China can produce almost anything we can and they have more students enrolled in science majors than we have college students and the world is becoming completely pissed at the US and Linux will replace Microsoft, it really is scary. http://cbs.marketwatch.com/news/story.asp?guid=%7BC2ED346A%2DB9E6%2D41E0%2D8E0F%2DEFB94277E3BC%7D&siteid=mktw
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Comment #2 posted by MikeEEEEE on February 13, 2003 at 19:14:02 PT
War Bonds
This is a great idea.
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Comment #1 posted by pokesmotter on February 13, 2003 at 19:03:52 PT:
sweet
go canada! maybe if they sell a ton of the "bonds" their government would realize that a large % of their citizens want pot legalized. that would be huge.
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